by our College Data Analytics TeamHere you will find what students actually borrow to attend Ivy Tech Community College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At Ivy Tech Community College specifically, 11% of new students use loans toward freshman-year expenses, averaging $5,103 per borrower, covering both private and federal loans.
The average federal loan is $4,845, or about 88.1% of the typical first-year dependent student borrowing cap of $5,500. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Looking at all undergraduates at Ivy Tech Community College, freshmen included, 12% use federal student loans to help pay for their education, averaging $5,145 per year. This is 6.2% greater than the $4,845 borrowed by freshmen.
Repeating that yearly amount projects to about $10,290 by year two and around $20,580 over a four-year span. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 12% |
| Average federal loan per year | $5,145 |
| Undergraduates with a federal loan | 6,803 |
| Total federal loans (one year) | $34,999,668 |
The middle borrower at Ivy Tech Community College owes $5,835 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,835 |
| Students who completed (graduates) | $10,727 |
| Students who withdrew | $5,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Ivy Tech Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,600 |
| 25th percentile | $2,821 |
| 75th percentile | $11,250 |
| 90th percentile (highest-debt students) | $19,723 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Ivy Tech Community College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Ivy Tech Community College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 4988 | $9,906 |
| Completed (graduates) | 1000 | $10,000 |
| Did not complete | 3988 | $9,840 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $118.91/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Ivy Tech Community College.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 4808 | $10,000 |
| No Stafford loan | 180 | $6,097 |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 1899 | $9,119 |
| No Stafford loan this year | 3089 | $10,148 |
The indicators below describe what the typical debt costs to pay back at Ivy Tech Community College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Ivy Tech Community College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 17.3% |
| Borrowers in the cohort | 31112 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,375 |
| Middle income | $5,765 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,000 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,412 |
| Independent students | $7,500 |
Federal data publishes the following gap measures for Ivy Tech Community College.
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Worth Knowing
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.